X-nyse
TESLA next bull run analysis you have to see.Telsa after long bearish trend pushing prices with higher high and higher low patterns indicating a near bull run scenario to be take place.
the convergence from point 2 to point 5 can act as bullish reversal and can push price to 1k USD or even more upside probably making tesla a multi bagger stock.
As fundamentals are strong and TA giving green signal you can invest in a SIP manner or one can start invest for long term once the raising wedge correction is finished .
best price for entries are from 200 ranges.
Thank you.
Occidental Petroleum: The Bulls are back! 🐂In the Occidental Petroleum chart, bulls have displayed renewed strength since early September, which needs to be sustained. The turquoise wave B is expected to reach higher, stopping just shy of the $77.13 resistance level. Following this peak, substantial declines are anticipated, potentially dropping below $54.35. Should the price manage to break above the resistance, though we deem it only 34% likely, it would overshoot the turquoise wave alt.B. However, this doesn't alter the bearish outlook that follows.
DOW: Downhill ⛷️Within the turquoise B wave, the Dow is currently in a downtrend. We expect this decline to continue to the turquoise target zone between $51.53 and $48.47, where we expect the reversal to occur. If the bulls prevent a decline until then and push the price above the resistance at $56.49, which we consider to be 34% probable, the price would establish the high of the magenta wave alt. a little higher.
Caterpillar: Metamorphosis 🐛🦋The Caterpillar share price has been experiencing ups and downs lately and has not quite been able to approach the resistance at $293.88. However, we anticipate that this breakthrough is imminent. With the low placed at the end of August, the price is currently in the turquoise wave 5, which should reach the green target zone between $325.21 and 358.93 and represents the end of the superior white wave (I). A fall below the support at $250.89 would put a spanner in the works. Then, our 36% likely alternative would activate, and the price would move further down.
Blackrock: Smooth as silk 🪡The price of Blackrock is currently experiencing a very stable rise, which is precisely what we expected. A large part of the turquoise wave B should be completed by now. After the high is placed, a descent to the green target zone between $613.07 and $491.98 will follow. However, if the current rally extends too far and breaks above the resistance at $785.65, which we consider 35% likely, our alternative scenario will be activated.
Altria: High Time to Get High 🚬Having deposited the low of the magenta wave , the price of the Altria share now faces significant increases. The turquoise wave B should thereby reach the turquoise target zone between $50.67 and $53.47. After placing the top there, we expect substantial descents to below the support at $40.35. If the price falls below this support already now, our alternative (40% likely) would activate, and the stock would already be in the turquoise wave alt.C
American Water Works: Big wave is coming 🌊American Water Works has now risen a bit after its significant decline. It is impossible to say whether the stock has already deposited the low of the magenta wave . Only a sustained rise should convince us of this. Theoretically, the price still has room on the downside but should stay within the support at $132.87 because our alternative is activated otherwise. After depositing the low, we expect a bullish green three-part movement, which targets the blue target zone between $181.74 and $214.65.
Boeing: Jumped off! 🪂Following the decline in Boeing's stock price, which pushed it below the upper boundary of our pink trend channel, we anticipate a significant correction with the green wave (2). This corrective movement should conclude within the green target range from $181.81 to $146.74 before potential rallies are likely again. However, our analysis assigns a 32% probability to the possibility of surpassing the resistance at $243.10. After breaching this threshold, an upward shift towards the green target range, from $247.91 to $265.42, would be anticipated. This trajectory would facilitate the establishment of a higher high for the green wave alt.(1).
$NVDA -Potential Downside (21Aug/2023)- Welcoming NYSE opening this Week with an opened Short position on NASDAQ:NVDA taken last week due to a Broadening Wedge pattern being formed and Lower Highs Market Structure.
May be forced to Trail SL according to how markets will open
from the positive last Friday's Rally .
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before partaking on any Trading Activity based Solely on this Idea.
THE REAL CRASH starts after the next new highThe chart posted is the NYA for my whole life in the trading and advising for over 41 year this is and has been the true market see my work in jan 2018 the true market peaked in sept 2021 and we have had classic wave structure since the oct low is the end of wave A and we have been in what looks to be the ABC rally to end WAVE B on a super cycle degree I still have us making one last gasp into sept 10 TH . if you look close at the nya chart you can see we are in the same place on 8/16 2023 as you were on Aug 16 Th 2022 BTW those were my major spirals called another panic drop into oct 10/20 focus on th 16 low was oct 13 target 3511/3490 low 3491 in the Sp and Nyse hit too the tick its target . we are nearing the end so be Patient .I have talked a lot about a panic into mid to late Aug . we are going to bottom within hours of this post and we will then rally in wave5 to end the ABC rally to mark super cycle wave B .
Is the 2y bond telling us something? HAS THE CRASH BEGUN?Bonds yields have been moving up at a fast pace recently - the 2 year bond yield moved between may and now nearly a full percentage point. Currently at the levels seen around 2008 right before the markets crashed. With real rates on the 3 Month bill actually reaching the exact rate before 08 crisis.
One thing I noticed is that the longer end of the curve, i.e bonds with longer maturity have risen at a faster pace as well in the recent weeks.
Hedge funds put massive bets in the last few weeks that yields would go higher ( shorting bonds) and I wonder if higher bonds pushing for higher rates is what may be the trigger that puts us into a recession and I do think into a real crash in the stock market.
What do I mean? I think that the market has realized that inflation has been going down in many areas as shown month after month on the CPI, PCE and such reports. Although, there are still many areas where inflation exists and does not seem to be going anywhere, such as real estate, energy, and even food. Another big factor here is loan payments, mortgage payments, that people are paying on cars, houses, etc. So people are not saving, people are taking more and more credit as shown recently that we are currently at record levels of credit card debt and the lowest rate of savings in over a decade.
The optimism in the market since the start of the year, was so that the market started to be ok with the fact that rates would be going to around 5%-5.5%, and even pricing in rate cuts during 2024- as we all know, the markets are forward looking, so equity prices started moving higher.
But after all this, we have reached a point where the market is questioning valuations when we have a good return in "risk free" assets, and with so much concentration in a handful of names bringing great companies at trillions of dollars of market cap but with no where near a reasonable price relative for the risks. Not to mention the soft earnings, yes we beat expectations, but is it really hard to beat such low expectations? if you look at earnings in compared to a year ago you will see that there is hardly any growth and even no growth and lower sales.
Back to Bonds- why would yields go up?
Fitch downgrading the US credit market is one reason, but not at all the whole story. Sticky inflation could another reason.
One major one which I think has been forgotten recently, is the banks. Reginal banks and even more larger banks have on their balance sheets loads of us treasuries, when SVB and First republic collapsed, it showed how fragile the banks are to rising yield rates on the securities they hold. Now that is is happening again, and this time along with longer maturity securities, I think there may be a real crisis waiting to unravel. Perhaps bringing dozens of banks to the brink of collapse. This is something that would be to great for JP Morgan or any other major bank to buyout and save by themselves.
On another note The market is showing its concern, for fiscal issues, real problems with the US paying over a trillion Dollars a year just on interest payments. Less income on taxes and much more spending due to inflation. I think the current environment is screaming a lack of trust and wants real returns for the risks in takin on more US debt, so rates are going up.
How much higher can yields go without something breaking?
I think the 30y mortgage rate at 7%+ currently is going to be another breaking point.
Without going to further in the housing market, I will just note that with rent prices at all time highs in many cities, could be a signal that home owners are trying to get a yield on their investment that can cover their mortgage expenses which are rising. Putting the expense on the renter. When it reaches a level where renters cannot pay these amounts that's when owners cannot keep their homes, selling starts. Home owners seeing rates rising ( 10Y bond is the best indicator as most Mortgage brokers use that to calculate rates ahead) can start to panic and sell.
So I do think that if there will be a total crash it will happen simultaneously in many markets and will obviously cause major panic and mayhem. This time the Fed wont be able to do much, printing money will be seen as a major fiscal risk and may cause the end of the dollar all together, inevitably a major correction will be needed to reset financial valuations and restore confidence in the debt markets.
To summarize, there are definitely cracks, and real risks that seem to outweigh the current reward in the equity markets..